Will Price Make Retracement Higher?

In a very similar fashion to the USDJPY, this pair at the end of last week also sold off heavily and made a decent move lower.

Just like the USDJPY did also, this pair broke through a recent strong daily chart support level.

If we can see price make a rotation back higher into a value area, then we could look to make short trades.

Short trades would be inline with the recent strong momentum lower and at a key price flip level on the daily chart.